Looking for good dividend stocks to invest in in the coming year? The last few years have shown how volatile the markets can be. But you’ll always come out on top, provided you don’t panic in times of uncertainty. If you’re looking for individual stocks you can invest in next year with the benefit of quarterly dividend payouts, you’re in the right place. Today, we’ll guide you through 6 good dividend stocks for 2023 that we’ll be investing in. New to investing? Read our introductory guide here first.
6 Good Dividend Stocks for 2023
1. Costco Wholesale (COST)
Costco is a tried-and-true winner and is in a strong position to continue into 2023 and beyond. Their dividend payments are also healthy. Costco’s popularity isn’t going anywhere, and in our current cost of living crisis, shoppers are flocking to discount stores to save money on essentials. Put this one on your list of dividend stocks for 2023.
2. Church & Dwight (CHD)
Following the trend of companies providing essentials, only 10% of Church & Dwight’s products are considered non-essential. Founded in 1846, it’s a brand with longevity and status. People know, like, and trust the brand. While their stock (like most other brands) fell in 2022, growth is generally positive going into 2023. It’s also currently a cheap stock to buy, so it’s worth getting in now and getting the benefit of increasing prices and the best dividend stocks for 2023.
3. Brown & Brown (BRO)
Brown & Brown is an insurance company that has been reporting strong profits this year. They’re just as likely to do just as well in 2023. Their revenue increased by 15.5% in the first 3 quarters of 2022 and demand for their products is strong. This increase has averaged 14.6% over the last 3 years, so this growth is no fluke. In times of uncertainty, people are much less willing to take risks when it comes to insurance products, so this makes it a safe choice for dividend stocks for 2023, even if we fall into a recession.
4. Realty Income (O)
Realty Income is a real estate investment trust which leases real estate to major retailers around the world. Their stock currently yields 4.6% dividends, which it pays out monthly. This means you have an extra advantage in using that income for compound interest. It announced reaching its 100th consecutive quarter of increasing dividends recently and owns 11,700 properties across the US, UK, and Spain.
5. Lockheed Martin (LMT)
Unsurprisingly, LMT is up 30% as the US and other countries keep a close eye on what’s going on in places like China and North Korea. While their dividend yield is a little on the low side (2.6%), it is incredibly reliable.
6. Amgen (AMGN)
If you’re looking for a stock that will make you feel good about where you’re putting your money, buying Amgen stock is a good move. Amgen is a biotech company that produces medicines. It researches cutting-edge treatments for a wide range of ailments. These include arthritis, psoriasis, and bone cancer. The stock is up 18% which is set to continue after revealing the successful trial of Repatha, a drug that treats high bad cholesterol.
The start of a new year is a great time to get your financial life in order. Self can help you improve and track your credit score, while also keeping you on track with your automatic payments. To find out more about how Self can help you build your credit score, click here. If you’re looking to keep more cash in your pocket in 2023, make sure you check out the Steady app, which helps its users save around $5,500 a year.
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